In the third quarter, Alpha Cubed Investments LLC trimmed its position in Costco Wholesale by 1.7%, selling 560 shares to finish the period with 31,946 shares. That holding represented approximately 1.0% of the firm’s total portfolio at quarter end, with a reported value of $29.57 million. The move marks a modest reallocation for Alpha Cubed as it rebalances its top 25 positions.

Several other asset managers also adjusted their Costco stakes in recent months. LFA Lugano Financial Advisors initiated a position in the second quarter with 43 shares, valued at roughly $31,000. Financial Connections Group boosted its stake by 975%, acquiring an additional 39 shares to reach 43 shares total. Frazier Financial Advisors added 18 shares to reach the same total, while Marquette Asset Management increased its holding by 2,200% to 46 shares. Spurstone Advisory Services entered the stock with 48 shares in the second quarter. Overall, institutions now hold 68.48% of Costco’s outstanding shares.

Costco currently carries a consensus rating of Moderate Buy from 34 research firms, with 21 Buy recommendations, 12 Holds and 1 Sell. The average price target stands at $996.00. Key multiples include a P/E ratio of 51.0 and a P/E to growth ratio of 5.74, reflecting elevated investor expectations. The company’s market capitalization is approximately $423 billion, significantly larger than most peers in the warehouse club and mass-merchandise space.

In its latest quarter, Costco delivered revenue of $67.31 billion, up 8.3% year-over-year, and earnings per share of $4.34, beating street estimates by $0.07. Net margin expanded to 2.96% and return on equity reached 29.35%. Membership fee income continues to drive profitability, totaling over $5 billion annually. Management declared a quarterly dividend of $1.30 per share, marking an annualized yield of 0.5% and representing a payout ratio of 27.85%. Insiders sold 9,315 shares valued at $8.55 million over the last three months, maintaining insider ownership at 0.10%.